There is a national security rationale for domestic production, but also for friendshoring and for nearshoring, because the stuff that's close by is a lot easier to secure, he says

Bangladesh’s banks are among the most vulnerable in Asia-Pacific to a sweeping hike in US import tariffs, Moody’s Ratings said, warning that the country’s heavy dependence on garment exports and fragile financial buffers have left its banking sector exposed to rising credit stress.

After two months of sluggish growth, Bangladesh’s exports surged in March, driven by strong growth in the readymade garment (RMG) sector.

Bold diplomacy, united efforts essential

Many economists have warned that tariffs are passed on to consumers and that they could see price rises at home

Anwar Hossain, an administrator of the BGMEA, chaired the discussion

Netanyahu becomes the first foreign leader to meet with Trump in the US capital since the president unveiled sweeping levies on multiple countries

Bangladeshi exporters remain optimistic about withstanding the Trump administration’s sweeping tariffs, hoping that bold diplomacy and a united front at home will shield them from the trade shock.

A $100 shipment of T-shirts or jeans from Dhaka would face nearly $49 in import taxes at a US port, compared to just $11.56 now

As new US tariffs shake global trade routes, Bangladesh is pursuing a plan to reduce its trade imbalance with the US through targeted import increases, regulatory reforms and behind-the-scenes diplomacy. Bangladesh is not panicking and may even stand to gain, officials said yesterday.

"Bangladesh generates a negligible amount of revenue from taxes levied on goods imported from the United States"

The way country-specific reciprocal tariffs are calculated raises serious questions.

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The extent of the latest bout of tariff slaps across so many countries has come as a major shock and is unprecedented

As the United States moves to impose reciprocal tariffs, concerns are mounting among Bangladeshi exporters, particularly in the footwear and pharmaceutical sectors, over potential implications for the country’s trade prospects.

Business leaders and economists have called upon the government to initiate immediate high-level negotiations with the United States administration following President Donald Trump’s imposition of reciprocal tariffs, warning that failure to secure concessions could erode the nation’s competitive edge in its most lucrative export market.

The government will shortly write to the United States Trade Representative (USTR), urging it to reduce what it describes as an irrational imposition of 37 percent reciprocal tariffs on Bangladeshi exports, a top official said yesterday.

US President Donald Trump yesterday stood in the White House Rose Garden, pointing to an oversized placard with details of levies he is set to impose on imports from America’s trading partners.

“Such tariff measures could significantly hurt exports, particularly the RMG sector," said Raihan

His remarks come as Bangladesh is set to face a 37 percent tariff on its exports to the US